---
schema_version: "secwatch.filing_event.v1"
accession: "0001364954-23-000015"
form_type: "8-K"
ticker: "CHGG"
cik: "0001364954"
company_name: "CHEGG, INC"
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T00:37:28.979091+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Chegg enters $150M accelerated share repurchase with J.P. Morgan, initial ~7.6M shares

## Summary
- $150M ASR with J.P. Morgan; initial delivery of ~7.6M shares by Feb 24, 2023.
- Final share count based on VWAP during ASR term; settlement expected by Q2 2023.
- Repurchase under existing $2.0B program; $492.6M remains after ASR completion.
- CEO cites commitment to shareholder value and strong free cash flow generation.

## SEC filing metadata
- accession: 0001364954-23-000015
- form_type: 8-K
- ticker: CHGG
- cik: 0001364954
- company_name: CHEGG, INC
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1364954/000136495423000015/0001364954-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1364954/000136495423000015/chgg-20230224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001364954-23-000015
- JSON: https://secwatch.observer/filing/0001364954-23-000015.json
- Plain text: https://secwatch.observer/filing/0001364954-23-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.